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Expert Sets Agenda For Africans At Innovention Series 2017

…Says 90% Africans Make Misinformed Decisions

Innovention Series
Joel Chimhanda, Founder, JC Capital, South Africa.

By Abutu Agada

The keynote speaker at the sixth Verdant Zeal annual Innovention Series, Joel Chimhanda has called on Africans world over to find lasting solutions to the problems confronting the continent.

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Speaking on the theme: ‘How Technology is Driving Africa’s New Narrative’, the founder of JC Capital, South Africa stressed that only Africans can solve Africa’s problems. He explained that beyond technology redefining the African narrative, more needs to be done. For instance, he explains that intra African trade is barely 11% as almost 90% of money spent in Africa immediately goes outside the continent to other countries.

He also called on African leaders to come together to chart the way forward for the continent. He said, “Africa can only grow when African major leaders sit in a room to discuss a new way forward for the continent based on the opportunities technology is offering. African nations, spear-headed by Nigeria, South Africa and Kenya should tap into the opportunity provided by technology.”

In the same vein, he berated the media for misinforming Africans and for under reporting critical issues affecting the continent. He said; “You can only make informed decision when you are well informed. Unfortunately 90% of Africans make misinformed decisions and the media is to be blamed for that.”

On his part, Dr. Tunji Olugbodi, Executive Vice Chairman, Verdant Zeal Group, said that internet penetration in Africa has been gathering momentum over the last half-decade as we seek to close gap on Information Communication Technology, ICT, with western climes and with these trends, Nigeria leads the continent and is expected to be among the top 10 internet using countries in the world by 2018. According to him, the Innovention series is an attempt to provide pragmatic ways of helping Africa’s young, yet vulnerable population, gain the requisite skills to lift themselves out of poverty and participate in the global economy now dictated by technology.

Other discussants that joined the conversation include Maya Horgan-Faomdu, Founder and CEO, Ingressive; Olalekan Olumide, Senior Vice President, Jobberman; Afua Osei, Co-Founder; She Leads Africa and Temie Giwa-Tubosun, Founder, Life Bank. The session was moderated by Muyiwa Moyela, External Relations Leader, IBM Central and West Africa.

The Innovention Series is a brainchild of Verdant Zeal, which was instituted as a platform to examine the question of Africa’s development, hone in on opportunities for growth while focusing on leveraging inherent strengths.

It attracts patrons from both the public and private sectors and has become a strong voice in stimulating pragmatic conversations that challenge the status quo.


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